Lime Market Overview in Thailand
Market Overview
The Thai lime market contracted to $
in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of % against the previous year. Lime consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
In value terms, lime production shrank modestly to $ in 2019 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of % year-to-year. Over the period under review, production reached the peak level at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of % against the previous year. Lime consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.In value terms, lime production shrank modestly to $
in 2019 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of % year-to-year. Over the period under review, production reached the peak level at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, the amount of quicklime, slaked lime and hydraulic lime consumed in Thailand reached tonnes, flattening at the previous year's figure. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of % against the previous year. Lime consumption peaked at tonnes in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
The size of the lime market in Thailand fell to $ in 2019, reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of % y-o-y. Lime consumption peaked at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
tonnes, flattening at the previous year's figure. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of % against the previous year. Lime consumption peaked at tonnes in 2013; however, from 2014 to 2019, consumption remained at a lower figure.The size of the lime market in Thailand fell to $
in 2019, reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of % y-o-y. Lime consumption peaked at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for lime in Thailand, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of lime in Thailand were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for lime.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report